“We need to make sure we're properly preparing our clients for these balloon loans and variable rate increases,” DePaolo added. While the upfront cost of land is comparable or less than a typical home purchase, construction costs can increase significantly. Additionally, some clients may be able to buy land but not build, so they need to have careful discussions about their long-term goals. “What are their long-term goals? Even if they are able to purchase the land, can they build on it later?” DePaolo asked. “Consider the well, electric, septic system and whether those things are already on the land…
Author: Private Lending Agent
UAE real estate developer MAG has partnered with Mantra (OM) to tokenize its real estate portfolio worth $500 million. MAG is a leading real estate developer in the UAE with a portfolio valued at over $5 billion. The company has partnered with Mantra to revolutionize real estate investing using blockchain technology. The partnership will see the deployment of real estate lending safes on Mantra’s custom-built, compliance-ready Layer 1 blockchain, starting with Keturah Reserve, a luxury residential development in Meydan, Dubai. The vault offers investors attractive yields from an alternative asset class backed by the security of blockchain technology. “The Real…
Savoy Equity Partners has completed its second development site in Dallas' Cedars neighborhood within the past year.The Dallas-based real estate firm, which invests in and develops multifamily properties, has acquired the apartment complex that includes the former 8,400-square-foot Dallas Power & Light building at the southwest corner of South St. Paul Street and Richardson Avenue.Savoy plans to build a 300-plus mixed-income apartment community and a screened parking lot on the 2.67 acres it acquired from three sellers, while keeping the Power & Light Building intact and repurposing it as an amenity center for residents.RELATED: Dallas gives 'yes' to three-tower Knox-Henderson…
A fully renovated Petworth townhome boasting a variety of desirable features (including two rental units with strong income potential) has come on the market for $1,599,000. 4112 New Hampshire Avenue NW boasts high ceilings and plenty of natural light. Located at 4112 New Hampshire Avenue NW, this home has six bedrooms and six and a half bathrooms. The main portion of the home features three spacious bedrooms and three and a half bathrooms. The lower level of the home features two bedrooms, two bathrooms, a separate entrance, and a kitchen. 4112 New Hampshire Avenue NW is an especially spacious property,…
Long-term CDs allow you to earn current interest rates for up to five or even 10 years. Getty Images/iStockphoto If you're saving money for a big expense in the future, you may have run into a challenge. With inflation continuing, it's important to get a meaningful return on your savings. If you earn less than the current rate of inflation, your money's purchasing power will decrease. But that's where certificates of deposit (CDs) come in. Many of today's leading CDs offer returns well above the current rate of inflation. But current high yields aren't the only reason to invest in…
Building a network is an exciting and dedicated undertaking, and while it doesn't happen overnight, it can snowball into a pool of talented people. As a recent college graduate, I've been working on building a network of professionals to stay in touch with as I begin my career. What's surprising me is how my network has expanded in just a few months, and in ways I never expected. As a Communications major with a wide range of interests, I have been involved in a variety of projects since graduating, and as a result I have been lucky to meet some…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. A mortgage loan backed by the Department of Veterans Affairs, called a VA loan, is a mortgage option for current or former members of the armed services. VA loans usually have no or low down payment requirements and lower interest rates than traditional mortgage products. They also tend to be more flexible, allowing for a higher debt-to-income (DTI) ratio and lower credit scores, and don’t require private mortgage insurance (PMI). Current VA Mortgage Rates How To Compare Current…
We chose Navy Federal Credit Union Mortgage because of the mortgage perks it offers exclusively to active and former military personnel. For example, the credit union's Military Choice loan allows you to make no down payment and pay no PMI, but in exchange for a slightly higher interest rate. Plus, Navy Federal's mortgage match program promises to give you the lowest interest rates, but if you find a lower rate elsewhere, Navy Federal will match that interest rate or give you $1,000 toward your loan. How to Apply Navy Federal Credit Union home loans are available in 33 states and…
There are seven common types of mortgages used to purchase a home: Regular Mortgages, Jumbo Mortgages, Federal Housing Administration (FHA), Department of Veterans Affairs (VA), United States Department of Agriculture (USDA), 203(k), and Non-Qualified Mortgages (Non-QM). 1. Traditional mortgage Conventional mortgages are the most common type of mortgage. They are not guaranteed by a government agency and are funded by traditional banks, mortgage finance companies, and credit unions. Conventional mortgages are often harder to qualify for than government mortgages such as FHA loans, but they usually cost less. 2. Jumbo mortgages A jumbo mortgage is a loan that exceeds the…
Marketing emails are one of the most informative and helpful, yet most annoying forms of communication. While I would obviously prefer to receive an email informing me of 14 BOGO sales, no smokescreen signals or carrier pigeons have ever wasted my time with misleading subject lines, and the messages they do deliver to me are (usually) quite personal. So how can you best represent your brand, attract customers, and increase sales without alienating them? Let's take a look at some of the most frustrating email marketing tactics and work backwards. First, have you ever answered a call or opened a…